WebApr 16, 2024 · 5B Working out an employer’s fringe benefits taxable amount. Year of tax 2000‑2001 and later years (1A) Subject to subsection (1D), an employer’s fringe benefits taxable amount for the year of tax beginning on 1 April 2000 or a later year of tax is the sum of the subsection (1B) amount and the subsection (1C) amount.. Note: Other provisions … WebSep 15, 2024 · The Government has acknowledged that the FBT record keeping requirements can result in a duplication of existing records that have already been captured by employers through other systems. This was first noted and a proposed simplification intent announced by the former Government in the 2024-21 Federal Budget.
FIFO TAX SCOURGE Kalgoorlie Miner - The West Australian
WebJul 14, 2015 · The recent Full Federal Court of Australia decision in John Holland Group Pty Ltd v Commissioner of Taxation [2015] FCAFC 82 concerned whether the costs incurred … WebFeb 15, 2013 · FIFO is a huge problem for regional communities, particularly in the country’s north. However, this attempt to take away the FBT concessions is crazy. The stupidity of this move is plain to see. Why would a mining company look to exploit further deposits if it is going to be slugged with a tax to get its workers there or the cost of building ... bob\u0027s handyman express
Fly-In Fly-Out (FIFO) Application Form - nlc
WebDec 10, 2024 · Our Fringe benefits tax - a guide for employers explains how FBT applies in most situations. You can also phone us on 13 28 66 and select menu option 4, then … WebFor FIFO workers, the draft ruling states that in certain circumstances fly-in and fly-out travel may be deductible, and therefore is not subject to FBT if the employee is being paid for that travel time and is under the employer’s direction and control whilst travelling. WebSep 30, 2024 · FBT - FIFO WORKERS. Stirling7 (I'm new) 30 Sept 2024. If a company has FIFO employees and would like to provide accomodation for these employees in a … bob\u0027s hampton sofa